Stephan (Gast)
| | The mining machines are solving complex mathematical problems in order to decide the validity of a transaction which requires either GPU, CPU or ASIC hardware to run continuously.
Genesis Mining and Minergate are running automining option which means, the miners are automatically adjusted to always mine the most profitable altcoin available in order to maximize earnings. There are many cloud mining providers on the market who offer wide range of services.
However if the company doesn’t even provide the city where the mining rigs are located, that should be again a red flag, that the hardware, which should provide the cloud hashing power, doesn’t even exist . There are two types of wallets: digital and hardware.
Fake exchanges and wallets: Scammers create fake platforms that resemble legitimate exchanges or wallets, tricking users into depositing their funds, which they then steal. But that’s mostly not true as they use to be ponzi schemes which only live from user deposits and only as long as new users make new deposits, so the older users can get parts of those new deposits as their "return on investment".
They need to know that there are engineering fixes-and that’s something we can provide.
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